PPP, the American Dream

[Cheddar]

I submitted an application for PPP last Friday. My company is just me and the wife on the payroll. Found out yesterday that we were granted a loan of almost $60,000. That will cover my quarterly payroll, sprinkle some in my HSA and a little more into my retirement fund. The loan will be used in its entirety and I won't have to pay it back. It's like I just got a bonus from the government and I don't feel bad about it one bit. cheersgif

 

[michael777]

Thank you Don

 

[Mobdeeper7239]

I submitted an application for PPP last Friday. My company is just me and the wife on the payroll. Found out yesterday that we were granted a loan of almost $60,000. That will cover my quarterly payroll, sprinkle some in my HSA and a little more into my retirement fund. The loan will be used in its entirety and I won't have to pay it back. It's like I just got a bonus from the government and I don't feel bad about it one bit. cheersgif

Thank you Don

Libtard scum right here. These two. Accepting handouts from the government haha. Despicable not to give it to roll tides charity. Disgrace

 

[Willie99]

This too is true

 

[Dave007inVegas]

I submitted an application for PPP last Friday. My company is just me and the wife on the payroll. Found out yesterday that we were granted a loan of almost $60,000. That will cover my quarterly payroll, sprinkle some in my HSA and a little more into my retirement fund. The loan will be used in its entirety and I won't have to pay it back. It's like I just got a bonus from the government and I don't feel bad about it one bit. cheersgif

Kudos!

 

[rolltide]

Cheddar did you go through a small bank or one of the monsters (BoA, PNC, WF, etc)? I still don't know a single company that got something through PNC or any other really large financial institution but all are 9 or less employees and none are doing >$5M revenue/yr. Only 1.8% of applicants were approved so far and they said no more than 4% came through one institution so my guess is that folks who bank with small, regional community banks were approved at a far higher rate as the larger ones were a) overrun by applicants, and b) moved their largest customers to the front of the application line

 

[Knightrofins]

Its funny.

TD Bank asks you on the application if you do any internet gambling

 

[Willie99]

Cheddar did you go through a small bank or one of the monsters (BoA, PNC, WF, etc)? I still don't know a single company that got something through PNC or any other really large financial institution but all are 9 or less employees and none are doing >$5M revenue/yr. Only 1.8% of applicants were approved so far and they said no more than 4% came through one institution so my guess is that folks who bank with small, regional community banks were approved at a far higher rate as the larger ones were a) overrun by applicants, and b) moved their largest customers to the front of the application line

Six people received money thus far, all CT based banks. Not one person using a national bank has received money.

That would be TD Bank, BOA and Wells Fargo on my end

Also submitted five through Kabbage and one through Pay.Pal, all "successfully submitted" but no cash yet

 

[Cheddar]

Cheddar did you go through a small bank or one of the monsters (BoA, PNC, WF, etc)? I still don't know a single company that got something through PNC or any other really large financial institution but all are 9 or less employees and none are doing >$5M revenue/yr. Only 1.8% of applicants were approved so far and they said no more than 4% came through one institution so my guess is that folks who bank with small, regional community banks were approved at a far higher rate as the larger ones were a) overrun by applicants, and b) moved their largest customers to the front of the application line

Local Wisconsin bank that I do all my business with and I am one of their largest

 

[Cheddar]

Despicable not to give it to roll tides charity. Disgrace

Once again highlighting your ignorance. I know the only initials you recognize are KKK, but do you even know what PPP is? If you receive money, you have to use it for it's designation. Hint: One of the P's is payroll

 

[Mobdeeper7239]

Once again highlighting your ignorance. I know the only initials you recognize are KKK, but do you even know what PPP is? If you receive money, you have to use it for it's designation. Hint: One of the P's is payroll

You said it’s just you and your wife. Did you not?



Give it back or give it to Harvey’s charity. That’s a liberal government handouts scum move of you. But that’s what you are.


You should return it. It’s just you and your wife? Return it, libtard.

 

[Louie12]

he has to use it for its designation

read

 

[Mobdeeper7239]

he has to use it for its designation

read

Under the Paycheck Protection Program launched in early April, businesses can apply for loans with their banks to help them shore up payroll and fund essential expenses, such as rent and utilities. If the businesses follow certain rules, such as using the bulk of the funds to keep employees hired and paid, the loan turns into forgivable grants.

https://www.google.com/amp/s/www.nbcnews.com/news/amp/ncna1194566


He has no employees. Not only should he give it back, but he will have to pay it back regardless or IRS might be showing up

 

[Knightrofins]

Under the Paycheck Protection Program launched in early April, businesses can apply for loans with their banks to help them shore up payroll and fund essential expenses, such as rent and utilities. If the businesses follow certain rules, such as using the bulk of the funds to keep employees hired and paid, the loan turns into forgivable grants.

https://www.google.com/amp/s/www.nbcnews.com/news/amp/ncna1194566


He has no employees. Not only should he give it back, but he will have to pay it back regardless or IRS might be showing up

Him and his wife are employees. I assume they receive W2's? If so, then they are employees of the business

 

[Cheddar]

Him and his wife are employees. I assume they receive W2's? If so, then they are employees of the business

Stop trying, he is just trolling now.

Hold up one hand Lil Mobbie and count with me.
Employee #1 is me
Employee #2 is my wife

 

[Mobdeeper7239]

Give it back. That’s not good enough. Roll tide aka Harvey Updyke is not happy. Wants to know what bank that was

Not trolling one bit. I mean it. This is how you guys were acting before. You don’t like when I do it though

 

[Louie12]

Under the Paycheck Protection Program launched in early April, businesses can apply for loans with their banks to help them shore up payroll and fund essential expenses, such as rent and utilities. If the businesses follow certain rules, such as using the bulk of the funds to keep employees hired and paid, the loan turns into forgivable grants.

https://www.google.com/amp/s/www.nbcnews.com/news/amp/ncna1194566


He has no employees. Not only should he give it back, but he will have to pay it back regardless or IRS might be showing up

oh gotcha good detective work

@)

 

[PatsFan1283]

Cheddar in all seriousness maybe put a few clowns on the payroll for a few months?

If you can find them something to do. I should probably shutup.

Nice score though, better you than Boeing.

 

[KennyB]

Better than California giving handouts to illegal aliens. As a taxpayer, If he doesnt take the money, he gets to pay taxes towards everyone else that did. Good move.

 

[Willie99]

Six people received money thus far, all CT based banks. Not one person using a national bank has received money.

That would be TD Bank, BOA and Wells Fargo on my end

Also submitted five through Kabbage and one through Pay.Pal, all "successfully submitted" but no cash yet

two more approved since this post, both applications went in this past weekend

one with a small bank for wealthy people in Northwest CT

the other with a credit union after my client's bank for 33 years said they're no longer taking new applications. The local manager was very apologetic, but she's still moving her three business accounts to the credit union

at the end of the day today, not one national bank has delivered for one of my clients

have at least 15 still waiting, a few that went in the first week over three weeks ago